Gold Technical Analysis Report 26 November, 2025
Given the strong daily uptrend, Gold be expected to rise further in the active impulse waves 3 and (5) to the next resistance level 4240.00 (top of the previous impulse wave 1).
- Gold broke the daily Triangle
- Likely to rise to resistance level 4240.00
Gold recently reversed up from the support zone between the round support level 4000.00 (former resistance from the end of October , acting as the support now later than it was broken earlier this month, as can be viewn from the daily Gold chart below), 20-day moving average and the upper trendline of the recently broken up channel from April,. acting as the support later than it was broken). The upward reversal from this support zone begined the active impulse wave 3, which then broke the daily Triangle from the end of October.
Given the strong daily uptrend, Gold be expected to rise further in the active impulse waves 3 and (5) to the next resistance level 4240.00 (top of the previous impulse wave 1).
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